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The Payment Revolution Through FedNow The Federal Reserve has touted the FedNow service as one that will allow Americans to send and receive payments instantly and for 24 hours a day, round the clock. The modernization of the American payment system through the FedNow service is a testament to the flexibility of the apex bank to join the revolution in payments by providing an equally robust service for all Americans. advertisement The payment system in the country, as it stands, is rife with many setbacks, including but not limited to the high transaction costs and delays in settlement. The Federal Reserve has been making the move to launch this service since as far back as 2019, seeing that new technologies, especially blockchain are beginning to dominate the payment landscape. The FedNow service is not the first of its kind as other sovereign countries including the United Kingdom, Brazil, and India have floated related services in the past. The ...

VeChain started 2023 on the front foot as its price doubled in the first quarter of the year. It went from a low of $0.015 to a high of $0.032 between January to early March. However, VET shed most of its gains as its price went downhill in Q2 falling back to its early January price. The supply chain-based cryptocurrency has been struggling to move up in the indices since then and it is mostly trading flat. Also Read: Shiba Inu: A $2,000 Investment in SHIB Could Have Fetched $1 Billion VET/USD Chart by TradingView VET is currently trading at $0.019 levels and for an investment of $1,000 today, investors get to accumulate 52,000 tokens. In this article, we will highlight if VeChain could be profitable or not if you hold on till 2025. VeChain: Will VET Turn Profitable In 2025? Source: Twitter Leading on-chain metrics and price prediction firm CoinCodex has painted a rosy picture for VeChain in 2025. According to the prediction, VeChain could reach a yearly low of $0.022 ...

According to the official Moxy Twitter page, the $MOXY token gained listing on Bitmart, XGO and Changelly exchange on July 15th, allowing holders to transfer, sell, and distribute tokens. This is, in part an effort by the team to increase adoption rates of the token and “expand Moxy Club membership, and eSport player counts”, the tweet concludes.  The $MOXY token is the native utility token of Moxy.io’s ecosystem allowing players to purchase in-game assets, pay to join tournaments, and as incentives for players.  advertisement Following the launch on Bitmart, the token has witnessed positive daily trade volumes of $500,000 every day, with the token currently trading at $0.09 per $MOXY, a 200%+ increase from its listing price.  The launch was accompanied by one of the biggest live-streaming events for Moxy.io, the Battle of Influencers , on YouTube. The event welcomed top influencers to battle each other on Moxy.io platform...

Coinbase CEO Brian Armstrong will meet with a bipartisan group of US House of Representatives on July 19 to discuss proposed new laws about digital assets.  The US Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase and Binance, alleging that they failed to carry out registration. According to Bloomberg, Armstrong plans to discuss taxation, national security, privacy issues, and climate change against this background. Coinbase CEO Brian Armstrong will meet with US House Democrats behind closed doors on Wednesday https://t.co/Rm6w3u1uaC — Bloomberg (@business) July 17, 2023 The New Democrat Coalition representative said in an email that the meeting would touch upon vital matters relevant to the industry. You might also like: Bank of America not randomly closing accounts of Coinbase clients Successful SEC lawsuits could significantly impact the cryptocurrency market, as they would establish the commission’s authority over the sector....

Crypto can offer investment opportunities. Alex The Doge and Stellar are popular among the many digital currencies available. This article compares and analyzes their unique features and advantages to determine which of the two investors can consider. >>>>Buy ALEX presale now<<<< Introduction Cryptocurrency has been gaining popularity as an investment option partly due to decentralized finance (DeFi) and play-to-earn (P2E) gaming. You might also like: Millennials are embracing crypto and meme coins like Alex The Doge  Supporters prefer Alex The Doge and Stellar because of their Features and potential benefits. >>>>Buy ALEX presale now<<<< Alex The Doge  Alex The Doge is a new crypto project on Polygon, offering users scalability, speed, and security advantages.  The project aims to innovate by offering a decentralized play-to-earn gaming crypto platform where gamers can earn cryptocurrency while playing. >>>...

IMX, OP, ZkSync, MATIC, METIS, STRK, and ARB are to benefit from the Cancun upgrade. Deutscher ranked projects on long-term perspective and their investment potential. The analyst categorized the project into groups A, B, C, and D, based on individual performance. Analyst Miles Deutscher predicted that the best Layer 2 protocols will gain from the Cancun Ethereum EIP-4844 upgrade. Deutscher also ranked projects on long-term perspective and their investment potential. The analyst categorized the project into groups A, B, C, and D, based on individual performance. Immutable X (IMX) Deutscher believes the underpinning factor of the Immutable X ecosystem is its robust gaming and NFT focus. According to him, the $260 million raised by the project means they are reasonably well-funded. Deutscher thinks the project has suffered from the impact of the niche in which it belongs. That is the NFT gaming industry which is taking time to develop. In his categorization...

Ripple May Still be Liable for Damages Taking to Twitter, top media personality and Fox Business Network’s Senior Correspondent, Charles Gasparino sent a message to the members of the Ripple community he called “ XRP pumpers”.  advertisement He noted that while Ripple may be celebrating the positive disposition in the Summary Judgment (SJ) which detailed that XRP is not an investment security, the blockchain payments firm will still need to pay some money, probably as a fine on the part of the case it loses, if any. Gasparino said that he has interviewed a lot of securities lawyers with respect to the XRP lawsuit, and none believe the part the company won stands on appeal. Hate to break it to the XRP pumpers: @Ripple will be paying money on the part of the case it lost; plus there isn’t a securities lawyer I’ve interviewed who thinks the part they won stands on appeal. https://t.co/uzLDDZ1IF1 Recommended ...

Although utilization rose, protocol and supply revenue declined, as more providers slashed fees to incentivize adoption. According to a July 13 report by Messari, Filecoin currently averages 954.2 pebibytes (1.07 billion gigabytes) worth of storage deals on its network, compared with 12.2 exbibytes (14.1 billion gigabytes) worth of raw storage capacity. Until recently, uptake had been sluggish due to high storage costs compared with centralized alternatives such as Amazon Web Services. During the most recent quarter, the protocol generated 2.5 million of its own Filecoin (FIL) in revenue, amounting to $11.5 million, representing a decline of 40.7% compared to last year’s second quarter in dollar terms. However, the decline was partly due to a sharp drop in the price of FIL tokens due to the 2022 cryptocurrency bear market, which was somewhat offset by the sharp increase in active storage deals. The price plunge also affected supply-side revenue, or money earned from block rewards...

Judge Analisa Torres of the US District Court rules XRP is not a security, sparking community debate on implications for the Binance lawsuit. In court, the judge denied the SEC’s request for summary judgment regarding programmatic sales of XRP and sales by confident leaders of the company. You might also like: XRP is not a security, US judge rules This ruling implies that XRP is not considered a security when sold to the general public. The verdict has created a mixed response, with the majority of the crypto community interpreting it positively, likely because they are primarily retail investors focused on the non-security aspect of the ruling. A huge win today – as a matter of law – XRP is not a security. Also a matter of law – sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions – to developers, to charities, to employees are not securities. — Stuart Alderoty (@s_alderoty) July 13, 2023 John E....

The Securities and Exchange Commission [SEC] and Ripple ’s dispute have gone through several stages. The case has been ongoing for more than two years, and the conflict seemed interminable. The ongoing legal dispute also had an impact on XRP’s price and discouraged retail investors. However, after an endless back-and-forth battle, Ripple has come out victorious in the ruling. According to the latest ruling, a US judge has officially ruled that Ripple XRP is not a security. The ruling has finally put an end to the ongoing battle between XRP and the SEC. Also read: US Judge Rules Ripple XRP is Not a Security The news definitely had a positive impact on the price of XRP. According to the latest data, Ripple XRP has surged by 30% following the news. JUST IN: Ripple $XRP soars 30% after US judge rules it's not a security. pic.twitter.com/dQsCt5o8DF — Watcher.Guru (@WatcherGuru) July 13, 2023 Ripple XRP Surges by 30% following the news Accordin...

Dapper Labs cut off its workforce by bidding farewell to 51 employees. Circle reduced the total number of staff and stopped investments in non-core activities. More than 2,806 employees lost their job due to the increasing rate of crypto company layoffs. In a move to tighten belts, crypto platforms continue their strategic maneuver of laying off employees, adding a substantial percentage to the total reduction of the workforce in the crypto space. The NFT company Dapper Labs and the crypto firm Circle trimmed their human resources in an attempt to look forward to a “lean” and “healthy” space. According to a recent tweet by reporter Colin Wu, Dapper Labs CEO Roham Gharegozlou announced via his official Twitter page the dismissal of his company employees. Wu’s page, named Wu Blockchain, also shared insights on the reduction of workforce by the stablecoin issuer Circle. Dapper Labs CEO Roham Gharegozlou posted on social media that Dapper Labs has laid off 5...

The US has charged a hacker in the first-ever smart contract criminal hack. The attacker, a former engineer, stole $9 million worth of crypto and was charged with defrauding a decentralized exchange. The US Attorney said the criminal’s disguise attempts didn’t stop law enforcement from following the money. U.S. Attorney Damian Williams announced, in a Twitter video, details of the first-ever smart contract criminal hack. The attacker, Shakeeb Ahmed, was charged with wire fraud and money laundering after allegedly stealing $9 million worth of cryptocurrency from a decentralized exchange (DEX). U.S. Attorney Damian Williams announces the first-ever criminal case involving an attack on a smart contract operated by a decentralized cryptocurrency exchange pic.twitter.com/j3JPv2L612 — US Attorney SDNY (@SDNYnews) July 11, 2023 Ahmed, who was a senior security engineer at Amazon, used his skills in reverse engineering smart contracts and blockchain audits...

The price of APE has slipped by more than 17% over the past month. The floor price of the BAYC NFT collection followed the same trend as it dropped by more than 26% during the same time period. APE could see its price drop to its all-time low if bulls don’t step in to protect the $1.767 support. The past month has been extremely hard on ApeCoin (APE) as the crypto’s price decreased by more than 17% during this period alone. In addition to this, APE’s struggles have also been reflected in the performance of the Bored Ape Yacht Club (BAYC) NFT collection. The crypto market tracking website, CoinMarketCap, indicated that APE was trading hands at $1.92 at press time following a 0.26% price drop over the past 24 hours of trading. This meant that the crypto was trading much closer to its all-time low of $1.00. Since APE was able to reach its all-time high of $39.40 in 2022, the price of the crypto slipped by 95+%. APE’s recent struggles were also evident i...

Shiba Inu (SHIB) fans and investors have long pursued their $0.01 goal. Although the project saw a meteoric rise in 2021, it is down by a whopping 91% from its all-time high. SHIB would have to rally by over 1000% to reach its ATH once again, and the journey is anything but simple. Given that the road to its ATH is a task on its own, reaching $0.01, is even more difficult. To reach its “one cent” goal, Shiba Inu (SHIB) would need to rally by 131,826.12 %. Although this seems incredibly large, it is not something that SHIB has not achieved before. Since November 2020, SHIB is up by an eye-watering 13,447,047.02%. This is mostly due to Vitalik Buterin burning 410 trillion SHIB tokens that he received upon the project’s launch. Going by the same idea, another burn of such a magnitude could possibly take SHIB to its goal of $0.01. However, the question now evolves, “How can we do so?” Also Read: Shiba Inu: Here’s When SHIB Could Delete 2 ‘Zeroes’ ...